Tuesday, September 15
ET Intelligence Group: Net inflow of foreign portfolio investors (FPI) in the Indian primary market hit a seven month high of $1.7 billion (₹14,247 crore) amid buoyancy in initial public offerings (IPO). The previous high was in December 2024 when FPIs had invested $2.1 billion (₹18,036 crore) through the primary route.Primary market includes IPOs and private placements. In July, the number of IPOs at 13 was the highest in any of the months of the current calendar year so far. These IPOs collectively raised ₹16,127 crore. In the previous month, while the number of IPOs at eight was less, the amount raised was higher at ₹17,690 crore, skewed by the IPO of HDB Financial Services, which scooped up ₹12,500 crore through a combination of fresh issue and offer for sale. 123083550FPIs,
Nifty has declined for five straight weeks and may remain under pressure this week as well. The index faces immediate resistance in 24,800–25,000 zone, with support at 24,500. A break below this level could trigger a deeper sell-off. Healthcare, cement, and FMCG sectors may exhibit relative strength, while caution is advised in IT and metal stocks.RAJESH PALVIYA HEAD OF TECHNICAL & DERIVATIVES RESEARCH, AXIS SECURITIESWhere is Nifty headed this week? On weekly chart, Nifty has formed a bearish candle with a long upper shadow, indicating selling pressure near 25,000 level. The index is currently trading below 50-day moving average, reflecting a bearish bias. It continues to face resistance at the upper band of the falling channel, near 25,000. A decisive breakout above this level coul
